Buffet getting rid of some Cash. A clear indication he thinks the dollar is overvalued. Lubrizol is another pick and shovel company with proven profits that will beat inflation.
but then again...he probably sits at Obambi’e round table and advises him to kick off QE3 as soon as possible
Buffett getting ready to get some sweet deal from the US govt...
More like an indication of mortality.
BH has been a growth company since its founding and control by Buffett.
He knows that his gifts to charity can only be realized by the recipient if they are sold. They are obligated to disperse at least 5% of their endowment per annum. So Warren is planning an alternative.
Buffett is setting up BH to be a dividend payer, an income equity, after his demise. The holders (trust) can disperse the dividends. Why? Because there is only one Buffet. No one will be able to grow the company like him. He's setting it up so that each giant part of Birkshire Hathaway will manage itself.
yitbos
And alternative explanation would be that cash does not bring any profit.
Which one is likelier do you think?